In various host countries, Rwanda Day has sparked tangible initiatives. Notably, the 2015 event in the Netherlands led to the establishment of schools teaching Kinyarwanda and Rwandan culture in Germany and other parts of Europe and America. In Liège, Belgium, a cultural school teaching the Rwandan language and culture was inaugurated in 2019.
Rwandans living abroad have significantly increased remittances to their homeland. Central Bank of Rwanda data indicates a substantial rise from $98 million in 2010 to $444 million in 2022/2023.
Contrary to misconceptions, these remittances are primarily directed towards family development and investments rather than mere consumption.
The United States stands out as a leading contributor to remittances, with Rwandans residing there contributing 46%, followed by Canada at 6%, and France at 4.8%.
Rwandans abroad actively contribute to various sectors upon their return, including the health and education sectors. Some have demonstrated a strong desire to contribute their skills to address the country’s labor needs, particularly in the health and education sectors.
Investments by Rwandans living abroad play a vital role in the country’s economic development. Encouraged by such programs, for example, in 2017, Rusingiza Rose, who lives in Belgium, decided to invest in Rwanda, especially in tourism.
The mother shared with IGIHE, "In 2017, I made the decision to embark on a construction project. After discussing it with my husband, who was supportive, we thoroughly researched the project. We commenced construction in 2018, and despite the challenges posed by the COVID-19 pandemic in 2020, we remained undeterred. I am particularly grateful for the guidance provided by President Kagame during Rwanda Day; his advice truly inspired and motivated me."
Manzi Aloys, currently residing in England, has been actively involved in investments across Rwanda for several years.
He established a maize flour mill plant in Kayonza and more recently founded ’Manzi Finance Ltd,’ a financial institution that has received approval from the Central Bank of Rwanda (BNR).
Aloys expresses his goal to facilitate easy access to affordable financial services for Rwandans. His endeavors exemplify the influence of Rwanda Day, demonstrating how the event inspires and guides impactful investments.
Rwanda Day has not only strengthened connections with the diaspora but has also attracted international investors. Despite the challenges posed by the COVID-19 pandemic since 2020, the event continues to yield positive economic results. In 2022, Rwandans ranked first in new investments in the country, contributing $540.8 million (33.1%). China, India, Germany, and the United States follow with significant investments.
Rwanda Day has been hosted in various cities worldwide, including Brussels, Chicago, Paris, Boston, London, Toronto, Atlanta, Dallas, Amsterdam, San Francisco, Ghent, and Bonn. The event serves as a crucial platform for fostering collaboration, dialogue, and investments between Rwanda and its global diaspora.